AND 100 CORRECT WELL DETAILED

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AND 100% CORRECT WELL DETAILED

UPDATE!!!!2025/2026|GUARANTEED

A multinational enterprise (MNE) is: - ANSWER a firm that engages in foreign direct investments.

Purchasing power parity is - ANSWER an adjustment made to the GDP to reflect differences in the cost of living.

What is an important reason to study global business? - ANSWER a. To gain competence in interacting with foreign suppliers, customers, and partners.

• All of these
• To prepare for an expatriate assignment.
• To advance your career in a global economy.

The Group of 20 (G-20) is: - ANSWER group of 19 countries plus the European Union whose leaders meet to solve global economic problems.

The liability of foreignness is: - ANSWER the inherent disadvantage that foreign firms experience in host countries because of their non-native status.

The fundamental question in global business is: - ANSWER What determines the success and failure of firms around the globe?

Globalization can be viewed as: - ANSWER b. a new force sweeping through the world in recent times.

• a pendulum that swings from one extreme to another from time to time. 1 / 2

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• a long-run historical evolution since the dawn of human history.

Semiglobalization suggests: - ANSWER that there are barriers to market integration at borders which are high but not high enough to insulate countries from each other completely.

BRIC is an acronym for the emerging economies of: - ANSWER Brazil, Russia, India, and China.

The size of the global economy at the beginning of the 21st century (measured by total GDP)

is approximately: - ANSWER $60 trillion.

What is the difference between the traditional definition of International Business and this text's definition of global business? - ANSWER In many cases, international business refers to domestic firms expanding into international (cross-border) economic activities; here, global business also includes domestic firms' strategies for competing against foreign firms entering their home territory.

Choose the set of countries that are all emerging economies - ANSWER India, China, Thailand, Malaysia

If you were an entrepreneur designing a new product targeted at people earning a per capita annual income around $5,000, you would find your customers: - ANSWER in the second tier of the global economic pyramid.

What are some possible benefits to studying global business? - ANSWER You will be more competent to interact with foreign suppliers and partners on behalf of the company you work for.

• All of these reasons.
• Your depth of understanding of the global economy will make you more employable.
• If you go to work for a multinational, you will be better prepared for expatriate

assignments abroad.

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